Zacks: Analysts Anticipate Pacific Coast Oil Trust (ROYT) Will Post Earnings of $0.04 Per Share
Analysts forecast that Pacific Coast Oil Trust (NYSE:ROYT) will report $0.04 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Pacific Coast Oil Trust’s earnings. Pacific Coast Oil Trust also reported earnings per share of $0.04 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results on Friday, July 27th.
On average, analysts expect that Pacific Coast Oil Trust will report full year earnings of $0.16 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $0.11 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Pacific Coast Oil Trust.
Separately, Zacks Investment Research lowered Pacific Coast Oil Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd.
The business also recently declared a monthly dividend, which was paid on Monday, April 23rd. Investors of record on Monday, April 9th were given a $0.0223 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date of this dividend was Friday, April 6th.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.
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